Summary of the Week in Special Situations
Interesting the cases of Phillips 66 and U.S. Steel. Do you think both activist investor will be successful?
With Phillips 66, yes I think Elliott will be able to effect change. Ancora will have a difficult time with U.S. Steel because they own a small stake compared to Pentwater, who want the deal to go through.
Interesting the cases of Phillips 66 and U.S. Steel. Do you think both activist investor will be successful?
With Phillips 66, yes I think Elliott will be able to effect change. Ancora will have a difficult time with U.S. Steel because they own a small stake compared to Pentwater, who want the deal to go through.